Fibromat (M) Berhad IPO's Analysis

Fibromat (M) Berhad

Fibromat (M) Berhad, incorporated in 2012 and headquartered in Batu Caves, Selangor, Malaysia, is a prominent provider of geotechnical solutions focused on erosion control, ground improvement, and sediment control. The company specializes in designing, manufacturing, and installing geotechnical solutions using geosynthetics, erosion control products, and biomass materials. Fibromat also engages in trading a wide range of geosynthetics, offering innovative solutions for diverse applications, including residential and commercial developments, infrastructure projects, and environmental protection initiatives. Through its integrated approach and advanced capabilities, Fibromat supports clients in achieving sustainable and cost-effective outcomes across Malaysia's evolving infrastructure landscape​.

IPO Details
Market: ACE
Principal Adviser: M & A Securities Sdn Bhd
Issuing House: Malaysian Issuing House (MIH)
Shariah Status: SC (Yes)
Listing Price: 0.55
PE Ratio: 13.70
    PE (FYE): 13.70
    PE (FPE Annualised): -
    PE (Hybrid): -
MITI allocation?: Yes
Closing Date: 25-Apr-2025
Balloting Date: 30-Apr-2025
Listing Date: 08-May-2025
Oversubscription rate: 1.02x
Average Analysts FV :
Mplus (0.70), TA (0.56)
iSaham IPO Score :
Market Cap: 136.55 M
Number of Shares: 248.28 M
IPO Allocations No. of Shares %
Malaysian Public 12.41 M 5.0%
Bumiputera shareholders approved by MITI 31.03 M 12.5%
Eligible Directors and employees 6.207 M 2.5%
Private placement to selected investors and others 7.448 M 3.0%
Total Allocations 57.10 M 23.0%

Offer for Sales of 24.83 M existing shares representing 10.0% enlarged shares.

Public Issue of 32.28 M new shares representing 13.0% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Purchase of machinery 7,560 42.6
Working capital Working capital 6,712 37.8
Listing expenses Estimated listing expenses 3,480 19.6
Total 17,752 100
Utilisation of Proceeds
Business Segments
Geographical Segments
Major Customers
Profit After Tax (PAT) by Financial Year Ended
SWOT Analysis
No Available Pro Insight yet
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